Ninety One SA PTY Ltd Cuts Stock Position in Valero Energy Co. (NYSE:VLO)

Ninety One SA PTY Ltd cut its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 7.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 135,700 shares of the oil and gas company's stock after selling 10,560 shares during the period. Valero Energy makes up about 2.7% of Ninety One SA PTY Ltd's portfolio, making the stock its 13th largest holding. Ninety One SA PTY Ltd's holdings in Valero Energy were worth $17,641,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of VLO. BKM Wealth Management LLC acquired a new stake in Valero Energy in the 4th quarter worth about $26,000. Live Oak Investment Partners acquired a new stake in Valero Energy in the 4th quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Valero Energy during the 3rd quarter worth approximately $28,000. Quarry LP boosted its holdings in shares of Valero Energy by 1,676.9% during the 1st quarter. Quarry LP now owns 231 shares of the oil and gas company's stock worth $32,000 after purchasing an additional 218 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Valero Energy during the 4th quarter worth approximately $38,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Down 2.9 %

Shares of NYSE:VLO traded down $4.79 during trading on Thursday, hitting $162.49. The company's stock had a trading volume of 3,088,496 shares, compared to its average volume of 3,365,418. The business has a 50 day moving average price of $157.71 and a two-hundred day moving average price of $138.95. The company has a market capitalization of $54.02 billion, a PE ratio of 6.68, a P/E/G ratio of 1.63 and a beta of 1.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56. Valero Energy Co. has a fifty-two week low of $104.18 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.95 by $0.60. The business had revenue of $35.41 billion during the quarter, compared to the consensus estimate of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The company's quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.45 earnings per share. As a group, research analysts expect that Valero Energy Co. will post 17.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VLO has been the topic of several recent research reports. Wells Fargo & Company boosted their target price on Valero Energy from $171.00 to $184.00 and gave the stock an "equal weight" rating in a report on Thursday, April 4th. Raymond James boosted their target price on Valero Energy from $154.00 to $155.00 and gave the stock a "strong-buy" rating in a report on Friday, January 26th. Scotiabank lifted their price target on shares of Valero Energy from $138.00 to $165.00 and gave the company a "sector outperform" rating in a research report on Thursday, April 11th. UBS Group lifted their price target on shares of Valero Energy from $167.00 to $197.00 and gave the company a "buy" rating in a research report on Tuesday, March 26th. Finally, Barclays lifted their price target on shares of Valero Energy from $149.00 to $179.00 and gave the company an "overweight" rating in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Valero Energy presently has an average rating of "Moderate Buy" and a consensus price target of $173.63.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.